2024-08-16
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[In the first half of this year, Guangzhou's automobile production was 1.1758 million vehicles, a decrease of 19.3%; while Chongqing's automobile production was 1.2142 million vehicles, ranking first in automobile production.]
So far, 23 provincial capitals have released their economic data for the first half of the year, and 11 of them have a GDP growth rate lower than the national average (5%), or even rank low in the country. What is the reason for these cities to "stallate"?
The pillar industries did not catch the trend
Except for Harbin, Haikou, Lanzhou and Lhasa, 23 provincial capital cities across the country released economic data for the first half of the year. Among them, Hangzhou, Chengdu, Changsha, Nanjing, Nanchang, Xining, Nanning, Guangzhou, Kunming, Xi'an and Taiyuan grew by 4.8%, 4.8%, 4.5%, 4.4%, 4.2%, 3.6%, 3.0%, 2.5%, 2.4%, 2.2% and 1.6% respectively, which was lower than the national growth rate.
Among these 11 cities, there are six cities with a GDP of one trillion yuan, namely Guangzhou, Chengdu, Hangzhou, Nanjing, Changsha and Xi'an, and four of them are among the top ten cities in terms of economic size. Why did the growth rate of these cities slow down this year?
After sorting out the economic data of these cities in the first half of the year, it was found that the growth rate of industrial added value above designated size was mostly lower than the national growth rate (6.0%), and the growth rate was more prominent in cities with a GDP of over one trillion yuan. The growth rates of industrial added value above designated size in Guangzhou, Chengdu, Hangzhou, Nanjing, Changsha and Xi'an were -0.8%, 2.6%, 4.0%, 5.1%, 7.1% and 2.9% respectively.
As for the GDP growth rates of these cities, it can be seen that the slowdown in industrial growth is an important factor in the slowdown in economic growth in these cities. So, what is the reason for the slowdown in industrial growth or even negative growth in these provincial capital cities with large economies and relatively strong manufacturing bases?